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- Title
Place-based public investment in regional infrastructure, the locational choice of firms and regional performance: the case of India.
- Authors
Vasilakos, Nicholas; Pitelis, Alkis Theonas; Horsewood, Nick; Pitelis, Christos
- Abstract
We discuss conceptual reasons for and propose public investment in regional infrastructure as a hybrid form of a place-based regional industrial policy aiming to foster the regional economic activity of lagging regions. We present and empirically test a baseline model using data for 14 Indian regions/states over a period of 39 years. Our results show that place-based regional infrastructure investments, particularly in electricity-generating capacity and width-adjusted length of national highways, positively impact the relative number of firms operating in a region and help foster its economic performance.
- Subjects
PUBLIC investments; ECONOMIC development; MANUFACTURING industries; ELECTRICITY; INVESTMENTS
- Publication
Regional Studies, 2023, Vol 57, Issue 6, p1055
- ISSN
0034-3404
- Publication type
Academic Journal
- DOI
10.1080/00343404.2022.2146666